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Magic Internet MoneyMagic Internet Moneyby0x5EeDA5BDF0A647a7089329428009eCc9CB9451ccabracadabradaoeoa.eth

SAIP #34: Adding gmETH, gmBTC, gmARB and gmSOL cauldrons

Voting ended over 2 years agoSucceeded

TL;DR: Add 4 new markets using gmETH, gmBTC, gmARB, gmSOL as collateral on Arbitrum.

Cauldrons parameters:

gmBTC and gmETH -85% LTV

-5% Interest

-1% Borrow Fee

-6% Liquidation Fee

gmSOL -75% ltv

-6.9% Interest

-1% opening

-6% liquidation

gmARB -75% LTV

-4.2% Interest

-1% Borrow Fee

-6% Liquidation Fee

Cumulative top up of 20m MIM across the 4 cauldrons, starting with low 6 figures top ups for beta testing.

📖 Read more on the proposal: https://forum.abracadabra.money/t/saip-34-adding-gmeth-gmbtc-gmarb-and-gmsol-cauldrons/4413

Off-Chain Vote

Yes, Add the gm Cauldrons
3.84B SPELL100%
No, Do not Add them.
0 SPELL0%
Quorum:128%
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Discussion

Magic Internet MoneySAIP #34: Adding gmETH, gmBTC, gmARB and gmSOL cauldrons

Timeline

Nov 27, 2023Proposal created
Nov 27, 2023Proposal vote started
Nov 29, 2023Proposal vote ended
Mar 12, 2025Proposal updated